Italpinas Development Corporation reported earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported operating revenue of PHP 109,653,339 against PHP 61,168,365 a year ago. Net income before tax was PHP 3,352,911 against PHP 22,096,326 a year ago. Net income attributable to parent equity holder was PHP 3,352,911 against PHP 22,096,326 a year ago. Earnings per share diluted were PHP 0.02 against PHP 0.13 per share a year ago. For the nine months, the company reported operating revenue of PHP 168,474,559 against PHP 132,082,044 a year ago. Net income before tax was PHP 12,999,052 against PHP 35,269,732 a year ago. Net income attributable to parent equity holder was PHP 12,437,050 against PHP 34,934,440 a year ago. Earnings per share diluted were PHP 0.06 against PHP 0.35 per share a year ago. Net cash received in operating activities was PHP 58,783,011 against net cash provided by operating activities of PHP 48,274,058 a year ago. Acquisition of property and equipment was PHP 3,682,010 against PHP 2,560,411 a year go.